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20121120
20121120
Search Results 0 to 12 of about 13 (some duplicates have been removed)
cited what he called a diplomatic courtesy as he referred to burma as miramar. not the official u.s. name for which has long been burma. the president met with cambodian strongman, the one-time communist who has held power since the mid-80s. this is the first ever trip to cambodia by a sitting united states president. as the president continues his tour through southeast asia, work continues in washington are possible fiscal cliff deal, confident such a deal would be reached to spur optimism in the market today combined with good news on housing produced a big wall street rally. crude oil hitting a one-month high at the escalation of the middle east, futures jump in almost 3%. the national association of realtors today reporting existing home sales rose more than 2% in october beating forecasts. faster pace of sales and an increase in monthly builder sentiment all contributing to the good news today in the housing market. and wall street acting like the uncertainty of the first goal go cliff has all but disappeared. and trust in both parts has been comic scene, relentlessl my restor
coverage tonight. jonathan hunt at the united nations. first to david lee miller who is live for us this evening in southern israel. today, we heard from hamas leaders. what are they saying david lee? >> shep, let me give you breaking news, just a few moments ago we got word that three israeli cities in southern israel came under rocket attack. we could see the interceptor missiles overhead. this happening just a few moments ago. it was the first rocket attack we have seen in southern israel in the last several hours. now, as for the question about the hamas leadership, as hamas -- as i sudden say as gaza came under fire today by the israelis. the leader, exiled leader of hamas, michelle was speaking in cairo, that's where the cease-fire discussions are taking place. and he said that hamas is not calling for any ground war or escalation, but despite the fact that hamas over the last year has fired more than 700 rockets into israel, he said israel is the aggressor in this conflict. listen to what he said. >> we will not accept any -- they are the ones who attack. a cease-fire will cu
forces claiming to have targeted 100 gaza sites. the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, october housing starts released at 8:30 a.m. an
important instrument for us, and we'll be using that at some point, at the appropriate time, to begin to tighten monetary policy. now, you're talking about the other direction, why not just cut it to zero, pay no interest on excess reserves, and thereby, get more accommodation? well, it's something we've considered repeatedly, and we continue to consider, and i don't rule it out as an action in the futtre, what we do is the following. if we were to cut the interest rate from 25 basis points to 0 #, our estimate is it affects short term interest rates, like overnight rates, on the order of eight or nine basis points, extremely small amount, in turn, having a smaller effect on loans like housing loans or auto loans ect.. the stimulated agent -- act of that action is small, but on the other hand, the concerns we've had or some have had is that if there is no return on institutions, money market funds, repo markets and so on could be liquid because there's little incentive to act in the markets when interests pay zero, why not just hold cash or fallow reserves? so the concern is that, per
went wrong. stay with us. gerri: we talk a lot about freedom on this network. the freedom to start your own business, to invest, but with freedom comes responsibility. there's a lot of people just blow it. i'm highly critical of the way government operates and we spent a lot of time criticizing the feds and state and local governments. some folks in the ceo suite on making some of the same mistakes. you have every reason to complain. case in point today, former ceo of hewlett-packard. no one of my colleagues at fox business nominated him as the worst ceo of all-time. in his rush to write the ailing company, they restructure the legendary pc business and bought a british software company called autonomy. oracle decided to take a pass. hp should have done the same because today it had to take $9 billion accounting charge after finding out they have serious accounting i improprie improprieties. the write off wiped out the company's profits. at least the traders at jpmorgan lost $5 billion new or taking a gamble. which raises the question, isn't that what due diligence is for and why did tw
very much. we appreciate it. both come back soon. that does it for us. make sure to join us tomorrow. >>> good morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, jim cramer and david faber live from the new york stock exchange. let's get straight to our top story. a bombshell involving hewlett packard sending stocks down sharply. david broke the story. he has details. >> hewlett packard out with quarterly earnings this morning but the real story is part of that earnings release allegation the company was the victim of a massive fraud when i purchased a u.k. company, $11.1 billion deal that closed in october of last year. hp has taken 8.8 billion write-down on autonomy and 5 billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by hewlett packard. in other words, it's fraud. after autonomy's founder and ceo michael lynch was fired by meg whitman, sources close to the company tell me a senior executive from autonomy came forward with evidence of widespread accounting misrepresentations tha
from us and we will be using that at some point, at the appropriate time to begin to tight monetary policy. now, you're talking about the other direction, why don't we just cut it to zero, pay no interest on excess reserves and there thereby, get a little more accommodation? it is something we have considered repeatedly, i don't rule it out as an action in the future. the cost benefit analysis we have done in looking at it, starting where we are at 25 basis points is the following. if we cut -- if we were to cut that it interest rate from 25 basis points to zero, our estimate is that it would affect very short-term interest rates, like overnight rates by something on the order of eight or nine basis points, extremely small amount. and that, in turn, would have even a smaller effect on the interest rate wes care about like the rates on auto loans or houses, et cetera. so the stimulative effect of that action, while going in the right direction, we assess as being very, very small. on the other side you can the concern we have, or at least some have had, is that if there is no return
begins right now. >> bill: one of the bad things about america is that some of us feel the need to kick people when they are down. that's exactly what's happening to mitt romney right now. millions of americans are very disappointed that the governor did not weaj a more -- wage a more aggressive campaign to unseed president obama. played it safe. signatures out the last 8 days of the campaign. after hurricane sandy hit the east coast the governor simply disappeared from the news cycle, apparently that was fine with him because he had many opportunities to state his case with some urgency in the last weekend but passed. so president obama's team, run by the brilliant david axelrod, won the fourth quarter bill. they pinpointed voters who might support them, government them out to vote on election day. meantime, the romney campaign made a series of local appearances saying the same thing over and over and over. early on election night when trends began to appear, i said. this. >> it's a changing country, the demographics are changing. it's not a traditional america anymore. and there are 5
bell" will have much more on this deal. >> down 54% year to date. thank you so much for joining us today. >> i'm off tomorrow. you got here. happy thanksgiving, everybody. >> "closing bell" is next. >>> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm marcich -- maria bartiromo the new york stock exchange. a shocking loss at hewlett-packard, damaging the entire market. the story broken here on cnbc by david faber earlier. >> this has been a really newsy day for a holiday shortened week. i'm bill griffeth. let's show you the markets, how they've been trading here. it will be pretty evident when ben baernanke made that comment that the fed doesn't have the tools to deal with the economy should we go off the fiscal cliff. down it went. we were down 94 points on the dow on the low of the session. now off that low, down 39 at 12,756. nasdaq's lower. apple is also lower today after that monster 7% plus rally yesterday. it's down about a percent right now. the nasdaq down 8-plus points. the s&p is down 3 at 1383. >> not a lot of news from the bernanke lunch ex
of the middle east. a u.s. embassy is attacked in israel by a man wielding an ax and a knife as we said. >> that's right, it's all happening overnight. christiane amanpour had been reporting that any ground invasion by israel is at hold at this hour. that is good news because that was a big step toward escalating in the violence. >> and hillary clinton on her way there to meet with all sides. let's get right to abc's matt gutman in ramallah with the latest. good morning, matt. >> reporter: good morning, george. anger rising in ramallah, where secretary of state clinton is to arrive later today. just 40 miles here in tel aviv, an israeli man stabbing a guard at the embassy, showing how tense things are here. an israeli man armed with an ax and a knife, stabbed a guard at the u.s. embassy in tel aviv. the guard was wounded but apparently managed to fire off a few shots. the security officers wrestling the man to the ground. secretary clinton arrives today in an effort to calm a roiling middle east, with the administration coming under fire for its apparent lack of action. >> the conversations you'
want clinton type of tax rate that we had back in the 1990s, okay, give us that clinton type of error. in return, we want spending levels proportion to the economy. repeal obamacare. republicans should go on offense instead of just letting the democrats define the terms of debate. dagen: do you think that all of the tax rate should go up? >> no. no. dagen: just for the wealthy, you are talking about. >> i do not want any tax increases. critics will say: oh, you are just kicking the can down the road. fine, that will help save the economy. that things will happen. connell: just in terms of perspective, the economy and numbers we report every day, you could make an argument that things are getting a little bit better. the housing data is turning around. some people say time heals wounds. >> all the more reason not to hurt the economy. there are numerous new regulations coming under obamacare. that will hurt. you have numerous regulations coming from dodd-frank. that will hurt. put them to the third degree. why in the world do you want to pile that on with new taxes? connell: do nothing
the mistress. >> used to be a mistress -- >> reporter: which does interventions for women involved in married men. >> the man always fares better and eludes me to be honest, he chose to step out on his way, betray her, break his vows. >> reporter: broadwell is married with children, feminist naomi wolf who published a new wolf on women and sexuality says she doesn't condone adultery. >> it's not up to me to give anybody a scarlet letter but if we sit around shaming people for going outside their marriages, let it at least be a single standard for god's sake. i would rather we didn't shame anybody. >> reporter: interestingly, allred suggesting paula broadwell may not have taken enough heat for this scandal which recently expanded to include jill kelley and her twin sister. >> paula broadwell was doing with jill kelley, was it warranted, not warranted, did she go about it in the right way, did she not? there are many questions. >> reporter: sounds like would you rather have the kelleys as your clients than paula bro broadwell. >> i don't have any comment about that. >> reporter: just today, one
Search Results 0 to 12 of about 13 (some duplicates have been removed)